Wisconsin Extra Leaf Quarters VS. 2006 AGE Set
HIGHLOWLEAVES
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I am looking at the latest combined population figures for ALL grades for the Wisconsin Extra Leaf State Quarters from PCGS and NGC. The High Leaf Variety is only 5,645 and the Extra Low Leaf is only 7,614. This is over a time period of over 20 months of submissions. We know that there will be 10,000 AGE Sets made and sold. None of these coins will ever be circulated. Most will grade at least MS/PR 69 if not MS/PR70. Now how many coin collectors truly collect Uncirculated and Proof American Eagle Gold one ounce coins? The popular statement within the hobby is that there are over 100 million collectors of State Quarters !! Either the Wisconsin High and Low Leaf State Quarters are way underpriced or the get rich price scheme of many collectors,dealers,speculators and TV Coin Shows is way over done !! For me, I would rather buy the Extra Leaf Quarters that are pretty much a proven rarity. This comparison is of two very modern mint issues. Thanks, Mark.
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Good post. Personally, every single day that goes by I kick myself harder and harder for not buying 10 AGE sets the second they were made available on the website. Purely for profit. At the end of the day the collector can pick up the gold proof and the gold uncirculated and the reverse proof is the special coin.
The mint should have made 30 to 50, 000 of the sets and put a silver coin whether it was the uncirc or the reverse proof and did the gold / silver anniversary set similar to the 10th anniversary set.
However, I'm one guy with one opinion, had they done that there would no doubt be a couple hundred people saying, "they should have made a 3 coin gold set" or something else.
I got a Wisconsin quarter in change today and you can better believe I checked it over good. Normal. No high low extra leaves. Bummer.
John
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I understand the appeal of the WI extra leaf quarters. But there are many, many rarer varieties in Cherrypickers that are visible without magnification that sell for way less than the WI extra leaves. Yes, there are probably 100 million collectors of state quarters, most of whom are collecting them from circulation. Good for them! Only a small fraction will spring for the major bucks that the WI extra leaves go for. My point is, it's a very collectible variety, but don't bet the house on it continuing its rise up to the moon.
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>The extra leafs are really a beautiful coin and are going through a relatively slow period right now but, I believe the will continue to rise in price as the state quarters come to an end. >>
People should collect whatever coins they want. It's impossible to say what demand
will be in the future but certainly the potential demand for the quarters is far larger than
the potential demand for the gold coins. Circulating issues have always before eventually
been in demand and any increased attention for later coins will feed the demand for the WI's.
They appear to be part of the design, imo.
Scott
<< <i>I understand the appeal of the WI extra leaf quarters. But there are many, many rarer varieties in Cherrypickers that are visible without magnification..... >>
Are you saying you need magnification to see the extra leaf? You might need an extra bifocal if that's the case.
<< <i>Don't mean to stray off topic, but what was the official cause of these extra leaves?
They appear to be part of the design, imo.
Scott >>
The mint investigated one of them and reported the cause as unknown damage. They
know when it was made but not how or whether it had help or not. Both of these were
almost certainly made on the same press at the same time (presses have four sets of
dies), but they investigated only the one variety.
It's a virtual certainty that there was no "official" or "semi-official" OK for these coins or
it would have turned up in the investigation. The mint was at least mildly embarrassed
by the discovery of these.
Here in the San Antonio and Austin, Tx area few Extra Leaf Quarters are being offered to the local coin dealers off the street. That "Party" ended maybe 6-12 months ago !!
For the week ending on 1/8/07, the PCGS population report showed that only One High Leaf and only One Low Leaf Wisconsin Quarters were graded. Sure there was New Years Day in that week but still that quantity is an eye opener to say the least !!
The interest in the Extra Leaf Quarters is on a incline again whereas the interest in the Minnesota Extra Tree/Rock etc. quarter is certainly on the decline. People seem to come back to a proven Numismatic Event !!
Have a great day !! Mark.
<< <i>But is it necessary to have the extra leafs in order to be considered to have a "Complete" set of quarters? >>
These are very significand varieties in many collectors' opinion so many
will consider them necessary for a complete set. There are other varieties
as well that some will consider as part of the set.
<< <i>My understanding is that these "leaves" are the result of deliberate damage to the dies. I agree that they're interesting -- and it's ironic that these marks boost interest in an arguably substandard Quarter design. However these marks don't look like leaves; indeed, the argument I have read is that they're the result of mere vandalism. Elevating the affected coins to the status of a "Mint issue" seems a big stretch, and perhaps that's why interest is low as measured by selling prices. >>
They are most assuredly not official mint issues.
The extra leaves actually look quite artistic to me. It you consider the time and tools
the "artist" had to work with, they might be unimprovable.
As far as low values for each coin, I would be suprised if $15,000 - $20,000 would buy either of the two PCGS grade 67 Extra Leaf Quarters.
Not to bad for a ill designed statehood quarter that over 100 million people collect !!
The Wisconsin Extra Leaf Statehood Quarters are simply forming a baseline for values. This is a sound event that will enhance and widen the appeal for these scarce coins in the future.
The future may prove me wrong but collectors/dealers who are offering their Extra Leaf Quarters on Ebay at whatever the market will bear are being short-sighted. Still, they are helping spread the coins and their interest across the country. The varieties need to be shared and enjoyed by more than people in Arizonia and Texas !!
I get credit for selling an unsearched box of SA, Tx BU Wisconsin Quarters in January, 2005 for $650 that I was told later contained over 100 Extra Leaf Quarters.
I am reminded of the talk back in the late 50's through the early 60's among coin dealers of how the 1955 Doubled Die cent was worthless.
The future will be very interesting !! Have a great Day !! Mark.
Time will tell I guess if they will be worth anything in reality regarding a set
R
<< <i>Most I see on Ebay are NGC and in reality are probably a grade lower than whats on the label.
Time will tell I guess if they will be worth anything in reality regarding a set
I agree and if I bought sight unseen and I chose the plastic, it would be PCGS before NGC
Kip
I am still trying to buy some High Leaf Wisconsin Quarters here in the discovery area of San Antonio - Austin, Tx area and having very, very little luck.
Have a great day !! Mark.
PS: In an earlier thread, it was mentioned that Wisconsin Extra Leaf Quarters graded by NGC were one grade lower than a similar PCGS graded coin. IMO that is true but only to a point. The fact is that NGC tightened up their grading on these coins significantly as of May, 2006.
<< <i>IMHO I thought there should be an Internet Site devoted strictly to the Wisconsin Extra Leaf Statehood Quarters. Everyone could discuss as collectors the various aspects of these two variety coins. You could offer to BST and share your thoughts. Maybe the Honorary Participants could be one or two people that live in Denver. CO area !! Seriously, Rick Snow's book on the subject will be a focal point for the discussion and neatness of these coins.
I am still trying to buy some High Leaf Wisconsin Quarters here in the discovery area of San Antonio - Austin, Tx area and having very, very little luck.
Have a great day !! Mark.
PS: In an earlier thread, it was mentioned that Wisconsin Extra Leaf Quarters graded by NGC were one grade lower than a similar PCGS graded coin. IMO that is true but only to a point. The fact is that NGC tightened up their grading on these coins significantly as of May, 2006. >>
I can attest to that. I sent in three coins, hi lo nrml, for a 3-coin set during August 2006. I compared what was floating around and I thought I'd get at least 66 or maybe 67. Some of the 66's were horrible. My set came back 65,65, 66! Surprised, but it is more realistic. I got my two "leafs" off of ebay in Feb of 2005. As far as comparing them to AGE's, what's to say. 100% of the AGE's are near perfect coins and the"leafs" are a tiny fraction of that with none attaining the "First Strike MS69" label. The "leafs" are now in their own league being promoted and that's what needs to be done. The 55/55 cent was nothing for years and has just recently made huge jumps in all grades.
REAL value - Current Value - Percent increase
$ .25 PCGS MS65 ~ $400 - 1600% increase
$2400 PCGS MS69 ~ $4500 - 100%
There is no comparison. Turning a quarter into $400 wins.
As for future value, nobody knows. What if gold goes to $300 or $800, what if the coin market tanks?
Buy what you like and if your lucky, you might make some money, if not, you still have something you like.
<< <i>
<< <i>I understand the appeal of the WI extra leaf quarters. But there are many, many rarer varieties in Cherrypickers that are visible without magnification..... >>
Are you saying you need magnification to see the extra leaf? You might need an extra bifocal if that's the case.
No, I don't need maginfication to see the extra leaf. My point was just that there are rarer varieties that are also visible without magnification. However, these varieties are probably in lower demand because they are not state quarters. The WI extra leaf quarters are in my view legitimate collectible varieties in the state quarter series; they are MUCH more collectible than the extra trees, extra dots, extra whatever that is up to a count of 60 on the Minnesota quarters.
An authorized PCGS dealer, and a contributor to the Red Book.
Morgan, modern sets, circulated Kennedys, and Wisconsin error leaf quarter Collector
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<< <i>I agree wholeheartedly! The minnesota quarters are just clogged dies and you need a microscope to see them. >>
These are DDR's and a few are relatively dramatic.
Few collectors will care about having all of them but a few of these will have a wide collector base.
To evey member... Have a great day !! Mark from frozen San Antonio, Texas !!